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News Release

BAE SYSTEMS Regional Aircraft Records First Quarter Jetstream Transactions

27 Apr 2004

BAE Systems Regional Aircraft has sold the last of the Jetstream 31s from its portfolio as part of several Jetstream 31/32 transactions concluded in the first quarter of the year. The companys current Jetstream portfolio totals 203 aircraft, comprising 128 Jetstream 32s and 75 Jetstream 41s.

These transactions, which cover new customers in Latin America, Europe and the USA, also demonstrate the flexibility of the aircraft in roles such as charter operations, pure corporate and corporate shuttle applications, 19-seat airline configuration and air ambulance work.

The new announcements cover:

Quassar LLC of Fort Lauderdale, Florida, has purchased two Jetstream 31s (Serial Numbers 794, 798) this month for charter operations in Mexico. The customer is also considering the future acquisition of a Jetstream 32;
Proflight, a charter company based in Caracas, Venezuela, purchased one Jetstream 31 (Serial Number 784) and accepted the aircraft on April 14. Proflight will use the aircraft for corporate shuttle flights in Venezuela and the Caribbean. This is the first Jetstream 31 sold to Venezuela and follows a number of Jetstream transactions into Latin America, underlying the importance of this region;
Aviation College of Sweden, based in Vasteras, took delivery of one Jetstream 31 (Serial number 806) during the first quarter of 2004 for maintenance training at its facility. ACS is Swedens leading institution of basic education and training of personnel for civil aviation. It currently trains approximately 400 students with all courses adapted to the international requirements set by the International Civil Aviation Authority (ICAO) and the European Joint Airworthiness Requirements (JAR);
Aviation Ventures Inc. dba Vision Air of Las Vegas, Nevada, has leased three Jetstream 32s. Two of the aircraft feature corporate interiors with 12 executive seats and one is configured as a 19-seat airliner. The J32s will be utilised for contract charter services, air ambulance operations and on-demand charter services. The corporate configured aircraft will accommodate charter requests and become part of Vision Aviation Managements JetShares Elite programme.

About BAE SYSTEMS Regional Aircraft:


BAE Systems Regional Aircraft is responsible for Customer Support, Engineering and Asset Management activities, covering a world-wide base of 160 customers operating over 1,100 aircraft in addition to managing a trading and leasing portfolio of some 350 aircraft.

About BAE SYSTEMS


BAE Systems is an international company engaged in the development, delivery and support of advanced defence and aerospace systems in the air, on land, at sea and in space.

The company designs, manufacturers and supports military aircraft, surface ships, radar, avionics, communications, electronics and guided weapon systems. It is a pioneer in technology with a heritage stretching back hundreds of years. It is at the forefront of innovation, working to develop the next generation of intelligent defence systems.

BAE Systems has major operations across five continents and customers in some 130 countries. The company has more than 90,000 people and generates annual sales of approximately 12 billion through its wholly-owned and joint venture operations.

BAE Systems, innovating for a safer world.


Colophon